FDI
India remains an attractive investment destination for investors from all over the world. Due to this, foreign investment (FDI) inflow is increasing rapidly. Let us tell you that Foreign Direct Investment (FDI) inflow into India has crossed US $ 1,000 billion during April 2000 to September 2024. This means that in the last 24 years, record foreign investment has come to India from countries all over the world. This has recognized India’s reputation globally as a safe and premier investment destination. FDI investment is expected to increase rapidly in the coming time because big companies of the world are moving from China to India.
Most FDI came through Mauritius
According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the total amount of FDI including equity, reinvested earnings and other capital stood at US$ 1,033.40 billion during the period. According to statistics, about 25 percent of FDI came through the Mauritius route. This was followed by Singapore (24 per cent), US (10 per cent), Netherlands (seven per cent), Japan (six per cent), UK (five per cent), UAE (three per cent) and Cayman Islands, Germany and Cyprus. According to the data, during the period under review, India received US $ 177.18 billion from Mauritius, US $ 167.47 billion from Singapore and US $ 67.8 billion from the US.
A lot of foreign investment came in these sectors
Most of these investments came in the service sector, computer software and hardware, telecommunication, trade, infra, construction, automobile, chemical and pharma sectors. According to the Ministry of Commerce and Industry, since 2014, India has attracted total FDI inflows of US$667.4 billion (2014–24), which is 119 percent higher than the previous decade (2004–14). FDI equity inflows into the manufacturing sector reached US$165.1 billion in the last decade (2014-24), showing an increase of 69 per cent compared to the previous decade (2004-14), an official said.
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